MTN SUES 18 COMERCIAL BANKS

The MTN fintech subsidiary MoMo payment Service Bank Limited (Momo PSB) has filed a lawsuit against 18 commercial banks to recover N22.3 billion that was mistakenly transferred to 8,000 customers. The company claimed a computer glitch was to blame for the incorrect transfer. Momo PSB reportedly suffered a significant security breach just one week after […]


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